Acquired 49% stake in UK largest independent PBSA operator, Homes for Students Limited
Established inaugural private student accommodation fund in Singapore – FE UK Student Accommodation Development Fund (FESAD)
• Fund is seeded with a development site in Glasgow Scotland, 273-bed
10 years of partnership with the Straits Trading Company Limited and TOGA Group
JV with Woh Hup and Way Assets to develop a PBSA asset in Silverthorne Lane, Bristol
Continued expansion of UK PBSA portfolio with the acquisition of a PBSA property in Southampton
Brought two Australian hospitality brands (Vibe Hotels and Adina) to Singapore
Opened Oasia Resort Sentosa, marking Far East Hospitality's first foray into the resort and spa category
First overseas expansion of the Group’s “Quincy” brand, Quincy Hotel Melbourne, through TFE Hotels joint venture
Debuted premium brand A by Adina, with the first hotel under this brand opening in Canberra
Opened Far East Village Hotel Yokohama, 2nd Japan hotel
Completed the development of an integrated commercial project in Woodlands, Woods Square
Completed the acquisition of King Square Studios in Bristol, UK for PBSA
Reached the milestone of 100 operating hotels under Far East Hospitality
Maiden foray into Japan with the completion of the joint purchase of a plot of land and hotel in Tokyo, Japan
Commenced operation of Far East Village Hotel, Ariake, Japan
Completed the acquisition of five purpose-built student accommodation portfolios in the UK
First foray into Japan via a joint acquisition of a hotel project in Ariake, Tokyo with Far East Organization
Expanded into the UK residential market with the acquisition of the former Westminster Fire Station located in the prime central borough of the City of Westminster, London, UK, for redevelopment into a mixed-use development comprising residential accommodation and a restaurant
Diversified into student accommodation in the United Kingdom (“UK”) via the acquisition of a portfolio of purpose-built student accommodation properties in Newcastle upon Tyne, UK
First entry into Europe with acquisition of four hotel properties in Germany and Denmark with Toga Group
First property development project and foray into the Australian residential market - Harbourfront Balmain , located in Sydney, Australia, jointly developed with Toga Group
Expanded hospitality footprint into Australia, China, Denmark, Germany, Hungary and New Zealand via two milestone joint venture partnerships with The Straits Trading Company Limited and Toga Group
Renamed as Far East Orchard Limited from Orchard Parade Holdings Limited on 27 July
Underwent a strategic restructuring exercise and commenced new businesses in hospitality management and healthcare real estate
Divested 35.0% of its stake in Yeo Hiap Seng to Far East Organization and distributed the remaining 14.5% stake in Yeo Hiap Seng as a Dividend in Specie to shareholders
Injection of three hospitality assets – Orchard Parade Hotel (now known as Orchard Rendezvous Hotel), Albert Court Village Hotel (now known as Village Hotel Albert Court) and Central Square Village Residences (now known as Village Residence Clarke Quay) into Far East Hospitality Trust
Completion of the Group’s residential development - Kew Green, the first townhouse development with a condominium status in Singapore, allowing foreigners to purchase the property
Successful takeover of Yeo Hiap Seng with a 51% stake
Completion of Tannery House, the Group’s first industrial property development
Completion of the Group’s inaugural residential development project, West Bay Condominium
Diversified into the food & beverage business via an acquisition of 8.9% of Yeo Hiap Seng Limited (“Yeo Hiap Seng”)
Renamed as Orchard Parade Hotel from Ming Court Hotel (now known as Orchard Rendezvous Hotel) on 1 January
Diversified into property development with the successful tender of a parcel of 99 years leasehold land at West Coast Road from the Housing Development Board
Change in name from Ming Court Hotel Limited to Orchard Parade Holdings Limited on 31 December
First overseas acquisition in Kuala Lumpur, Malaysia, consisting of six shoplots at Sungei Wang Plaza and a 24 storey commercial building, Plaza Atrium, in Kuala Lumpur, Malaysia. The Group completed the redevelopment of Plaza Atrium into Oasia Suites Kuala Lumpur in 2016.
First property investment via the acquisition of several office units situated in Singapore:
(i) Tong Building, Orchard Road;
(ii) Tanglin Shopping Centre, Tanglin Road; and
(iii) International Plaza, Anson Road.
Acquired by Far East Organization on 20 June
Opening of Ming Court Hotel (renamed as Orchard Parade Hotel in 1991)
Listed on the Mainboard of the Singapore Exchange
Incorporated as Ming Court Limited on 28 December